Vestel

Turkey's home appliance sales and exports soared in the first quarter of this year, according to a sectoral group head.

"In January-March, our sales and exports increased 40 percent and 26 percent, respectively, compared to the same period last year," said Can Dinçer, head of the White Goods Manufacturers' Association of Turkey (TÜRKBESD) on April 20.

Turkey's most technology-savvy brands in the main 23 sectors have been selected through a survey conducted in 12 provinces including the commercial hub İstanbul, the capital Ankara, the Aegean province of İzmir, the Black Sea province of Samsun and the southeastern industrial city of Gaziantep.

Turkey's Vestel has said it won a tender to provide flight information display system at Istanbul's third airport for a one-year period. 

Turkish electronics and appliance maker Vestel announced on April 10 that it was beginning talks to purchase the television unit of Japan's Toshiba Corp. following a report by Japan's Nikkei, but said it was unclear whether the deal would be finalized at the current juncture.

Toshiba, which sold the first Japan-made color television in 1960, now appears to want to sell its TV business.

Some foreign buyers are said to be showing interest in taking over the unit, according to people familiar with the matter.

Potential bidders include Turkish home-appliance maker Vestel and a few Chinese rivals.

Turkey's Vestel Home Appliances has announced new investment works to establish a new washing machine and drier factory in the Aegean province of Manisa for around 70 million euros. 

The company said in a Dec. 27 statement to the Public Disclosure Platform (KAP) that it was conducting talks with lenders and financial institutions to secure the required financing. 

Turkey's Kale Group has closed down its construction chemicals plant in Russia due to economic problems in the market, the group's chair has told Turkish weekly Ekonomist.

"This decision was actually made after the Ukraine crisis [began], but was recently realized," Kale Group Chair Zeynep Bodur Okyay was quoted as saying by the magazine on April 24.

Turkish electronics and domestic appliances maker Vestel closed down its factory in Russia, citing the country's 2014 financial crisis. 

Turkish technology giant Vestel Electronics launched the third generation of its domestically produced Venus smartphone on Nov. 17 with an eye to selling 1.5 million devices by the end of 2016.

Vestel Group Chief Executive Officer Turan Erdo?an said the company expected to sell 1.5 million devices in total by the end of 2016.

Many new, locally-produced defense products and technologies have been exhibited in the 12th International Defense Industries Fair (IDEF), which will run until May 8.